Internet stocks are not a one-way bet

Many UK investors are asking whether small companies will continue their recent run of outperformance and whether cyclicals can sustain their burst of outperformance Instead of purporting to answer these questions, I shall try to shed some light on a more provocative question ­ will the internet have a serious impact on investment managers' portfolios? For this in the long run is likely to have a far greater material impact for investors Although the situation may change in the near future, there are currently few meaningful opportunities to participate in the growth of the internet from ...